UK Gambling Commission Sets Customer Fund Protection Categories

uk-gambling-commission-75x48The UK Gambling Commission published info how players can identify the level of protection of legally licensed operators in connection to customer funds. By the end of December 2014, operators have to assess themselves against 3 Level of Protection categories: basic, medium and high. In the basic and medium category, customer funds are kept separate from business accounts; the second level is extended to include arrangements like Quistclose accounts and insurance. In the high level, customer accounts are kept in separate trust account controlled by an independent firm.

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